One of my friend wants to take a term policy, more info about him here -
i) he wants to take a term policy for his mother,
ii) her age is 53 years
iii) she has a family pensioner (getting around 5000/-)
iv) she is a widow
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One of my friend wants to take a term policy, more info about him here -
i) he wants to take a term policy for his mother,
ii) her age is 53 years
iii) she has a family pensioner (getting around 5000/-)
iv) she is a widow
I am not sure, whether underwriter would accept the proposal. If he accept, the premium cost would be high.
Any dependent on her?
Why underwriter won''t accept the proposal? Any specific reason.Quote:
Originally Posted by Vivek
No dependent on her.
Because age 53 years, pensioner and no dependent.
Why she wants to buy insurance, if she has no dependent?Quote:
Originally Posted by shivkumar
Insurance is not for investment and return, It's for risk coverage.
Ask her to invest in safe investments like - PPF, FDs etc.